Punjab Alkalies and Chemicals Ltd
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BSE Code:
506852
NSE Code:
PACL
Business Profile
Business Profile
Punjab Alkalies & Chemicals (PACL), incorporated on Dec. 01, 1975, is engaged in the manufacture of alkalis and other chemicals. Promoted by the Punjab State Industrial Development Corporation, a wholly owned Punjab Government Company, it was earlier known as Punjab Alkalies and got its present name on Apr. 29, 1983.
The ISO 9001:2000 and ISO 14001:2004 certified company produces caustic soda lye, caustic soda flakes, liquid chlorine, hydrochloric acid, sodium hypochlorite, and hydrogen gas. These products find use in industries like paper and pulp, soap and detergents, water demineralization, stable bleaching powder, metal pickling, textile bleaching, laundry trade, optical fiber units, and several others. Located in the Ropar District of Punjab, the manufacturing plant has installed capacities of 87,714 MTPA liquid chlorine, 39,600 MTPA hydrochloric acid, 990 MTPA sodium hypochlorite, 27.72 million NM3 hydrogen gas, 99,000 MTPA caustic soda, 1,000 MTPA barium sulphate, and 2,000 MTPA calcium hypochlorite.
Major awards won include the Jawaharlal Nehru Memorial National Award for Excellence in Industry, National Award for Excellence in Energy Conservation. The company supplies hydrogen gas to three hydrogen compressing and bottling units adjoining its plant complex. It also utilizes hydrogen thereby reducing consumption of fuel oil. Tie-ups are in place with some chlorinated paraffin wax (CPW) units for supply of chlorine to them and for selling CPW manufactured by them.
The registered office is at SCO 125-127, Sector 17-B, Chandigarh-160017, Punjab.
Financials
Punjab Alkalies & Chemicals reported a growth in standalone net profit for the quarter ended September 2008. During the quarter, the profit of the company rose marginally 34.74% to Rs 29.01 million from Rs 21.53 million in the same quarter last year.
Net sales for the quarter rose marginally 5.16% to Rs 552.12 million, while total income for the quarter rose marginally 4.81% to Rs 553.17 million, when compared with the prior year period.
The company posted an earnings per share of Rs 0.42 for the quarter ended September 2008.
Future Plans
The company is planning to install a captive 36 MW power plant in a phased manner as part of backward integration to cut down electricity costs.